15 Rules That Make You Rich & Life Easier

26 May 2019

These 15 Lifehacks / Lifeprotips / Rules will make your life easier and could make you rich!

Most people struggle with making decisions, with how to be more productive and make sense of their lives. This one’s for you.

For years, we’ve used these rules to get out of weird situations, to make the most of our time and get an edge over others.

These are real-life tested and definitely good to have in your portfolio of tools.

We recommend you go through the list with us and write down those that you can apply in your life starting today.

Once you’ve got the tools you need you are ready to begin.

If you don’t feel like reading the list you can simply watch the video below:

Here are 15 Rules that make your life so much easier and profitable.

1.

The 100:10:3:1 Investing Rule

This first one is an Investment Rule. Most of you are interested in real estate investing and this is probably the most well known rule between professional property investors. If you’re going to buy any property you need to know this.

The 100:10:3:1 rule goes like this:

In order to make a smart investment:

An investor must look at at least 100 properties
to find 10 potential deals that can be profitable
From these 10 potential deals
an investor will submit aggressive but fair offers on 3 of them
Of the 3 offers submitted, 1 will be accepted

100 10 3 1, but that one property is going to make you a lot of money. Then repeat.

Write it down and remember it. If you’re serious about real-estate investments this is the foundation you want to build on. If you rush things, you’re gonna lose money.

2.

The You Cut – I Pick Rule

We love this rule so much. One of our mentors taught it after selling a 20 million dollar business. He said he uses it all the time both in business and at home with his kids.

Let’s say your kid are fighting over the last piece of cake in the fridge and both of them claim it to be rightfully theirs.

Here’s how the rule works. Once person cuts and the other gets to pick which half he wants to keep.

This amazing rule gives power to both sides. It’s one of those smart tricks that maximizes the return and also minimizes the risk at the same time.

One kid cuts the piece of cake and the other gets to choose which side he wants. Because of this both parties win and the result is usually the perfect cut.

This works great in business and life. Some of you might be surprised to find out, but this rule is actually mentioned in the bible as a tool to solve issues of this sort, in the Book of Genesis (chapter 13) to be precise.

3.

The 100 Hour Rule

This is one of those rules that should put clarity on what you should prioritize in life. It was repopularized recently but social influencer Jay Shetty.

It all boils down to a big and simple question:

If you had 100 hours to invest in 3 buckets:
What you’re good at
What you’re average at &
What you’re bad at

How would you split those hours? Take a moment to do make your decision. [allow 3 seconds for the viewer to think about this issue]

Would you split it equally 33, 33 and 33? Maybe a bit more on other parts?

They asked the same question the most successful and smart people in the world and their answer is beyond interesting.

They said they would either put 80% into what their really good at and 10 and 10 in the other two, or 100% and 0 and 0.

This is really important Aluxers. You need to invest almost all of your efforts into what you’re exceptionally good at. Forget everything else and focus on your strengths, because this focus allows you to get ahead and win. Everything else will just result in you being average and lose.

4.

The 10-10-10 rule

This is another decision making rule that works great. It’s frequently used by people like Warren Buffet and other billionaire investors to figure out what to do.

Basically, when stressing over something, use the 10-10-10 rule. How will I feel about it in 10 minutes? 10 months? What about 10 years? After getting some perspective, you’ll notice how very few things end up worth stressing over.

A choice might feel good in the moment, but have negative effects over the medium or long term.

The reverse is also available. Maybe something will suck in the next 10 minutes and even a bit afterwards, but it will pay off in the long run.

Any decision you have to make run it by the rule of 10s and you’ll start making better calls immediately.

5.

The 5 AM Rule

What do Tim Cook, Benjamin Franklin, Howard Schultz, Elon Musk, Jack Dorsey, Richard Branson, both The Rock & Kevin Hart have in common. They all wake up freakishly early. They all sleep less than 6 hours every night, with the majority waking up around 5 AM.

When Alux was only a blog in the early days, there was a period of time in 2015 when the website really struggled. Due to a sudden change in google’s algorithm, we lost around 75% of our traffic which meant a 75% cut on our revenue, while our expenses remained the same.

Our solution whenever we deal with any sort of problem like this is to do 2 things: Learn More & Work More

So far it hasn’t failed us. In our research we found an old piece by author Robin Sharma who’s been waking up consistently at 5 am and swore by it. He even made a rule of how to optimize this to be more productive splitting the 1st hour into 3, 20 minute activities.

First 20 minutes, immediately jump out of bed and start working out, push-ups are a great way snap out of that sleepy state. This gets the blood rushing through the body and wakes you up.

Next 20 minutes: are about learning something new. This is where we used to come to YouTube and watch ted talks on whatever title we found interesting that morning. The more varied the library of content the better. Back then we didn’t have ALUX as a video resource so you’ve got that going for you.

The last 20 minutes are planning. Make a list of the objectives you have for the day and what you’re looking to achieve.

By 6 AM you’re ready to crush it.

In our experience, we felt like we knew a secret nobody else knew. We were part of the 5AM club of high achievers. We were crushing everything we used to do before 12. Then we took a short break and got back to work for another session. While everybody was working normal hours we were putting in those extra hours that made all the difference. That’s the time when we started investing in YouTube.

Since then, Robin Sharma has polished a lot this concept and has even distilled it all in a new book nicely called THE 5 AM CLUB. We’ll leave a link in the description. If you’re looking to save a couple of bucks, you can always go to alux.com/freebook and sign up. When you do, you can get the audiobook version for free thanks to our partnership with the great folks at Audible.

6.

The 2 Minute Rule

This is the most straight forward rule in this list.
The 2 minute rule goes like this:
if it only takes 2 minutes to do, just do it.

Never postpone or neglect activities that can be solved immediately. There’s something about our levels of stress that affect our productivity when we know we’ve still got more things to do. Also, getting small wins gives us a feeling of productivity and momentum that only builds up throughout the day.

The 2 minute rule is the perfect cure for procrastination.

If you don’t feel like doing a task, force yourself to do it just for 2 minutes, then you can give yourself a break if you want to. But for 2 minutes really give it your full atention. It can’t be that hard to focus for 2 minutes right?

Studies show that getting started is actually the hardest part of the task and if you can get over that slup you’re a lot more likely to finalize what you’ve started than actually quitting after the 2 minutes.

Think of it like this: let’s say you don’t want to brush your teeth. Tell yourself you’re gonna brush only 1 tooth and if you want you can stop afterwards. Once you get that momentum on, it kinda makes sense to keep going right?

Use the 2 minute rule and stop being lazy.

7.

The 80/20 Rule

This is also called the Pareto Rule. If you’ve been a subscriber of our channel you should be more than familiar with it.

For everybody else, the rule goes like this: 20% of your actions account for 80% of results.

This has been one of the most valuable things we’ve learned in business and in life.

20% of the workers produce 80% of the result
20% of the customers create 80% of the revenue
20% of the bugs cause 80% of the crashes
20% of the features cause 80% of the usage
20% of the words in a language make up for 80% of the conversations
And so on…

Once you’re aware of this powerful rule you will look at everything you’re doing differently. We were first introduced to it in Tim Ferris’ Book The 4 Hour Work Week and since then we’ve seen it all over the place.

8.

The Left Hand Rule

This is more of a social lifehack than a business rule.

If you’re at any kind of event where you’re drinking, always hold the glass or cup in your left hand rather than your primary right.

Let’s say you’re grabbing a beer and suddenly you’re introduced to someone new. What do you do, you go in to shake their hand; but your hand has been on the cold and wet class so it’s going to feel weird and slimy.

People will not remember your name, but they will remember how you made them feel, and clammy hands is a big no-no in any setting.

9.

The apology Rule

You’re gonna make mistakes in life. Everybody does & there’s a way for you to move forward the right way. Pay close attention and from this day forward we want you to both use this rule for your actions and expect the same from everybody else.

A real, effective apology has three parts:
(1) Acknowledge you were wrong and how it affected the person or outcome;
(2) say you’re sorry;
(3) describe what you’re going to do to make it right or make sure it doesn’t happen again.
Don’t excuse or explain.

If you’ve made a mistake own up to it. There’s no negotiating yourself from the truth and there’s more to gain by following this rule than getting away with a mistake.

Your entire life will change once you begin using it. It’s also valuable with employees. Instead of a simple sorry, this helps both parties improve their relationship, by building trust and solving the situation instead of just hitting a wall of excuses.

10.

The Golden Rule

This has been the most valuable piece of advice the world has ever come up with. It’s the foundation of almost every religion out there and is the solid foundation of being a decent human being.

The golden rule is: – say it with me:

Do unto others what you would want them do unto you

Treat other people the way you want to be treated; Love your neighbor as yourself; What is hateful to you, do not do to your fellow etc.

In whatever variation you want to, the idea is the same. Treat others nicely and just don’t be an a-hole.

The golden rule is also great resource to build up good karma. Help others and people will help you back. If you’re feeling stuck in life, maybe you start by helping others and who knows where this will lead you.

Because YouTube has been so volatile recently, we wanted to give a big shoutout to NordVPN who’s been a valuable partner to us and the community. Many of you went to alux.com/vpn and decided to sign up using the ALUX code for the exclusive offer of 75% off the 3 year deal. If you are on the fence about getting a vpn, this is probably the best offer on the table right now. Thank you if you do.

This ties well with our next rule.

11.

The Money = Time Rule

You’ve probably heard the saying time is money more times than you can remember. But here’s a little trick we’ve learned which will help you figure out if something is worth buying or not. We found that it works incredibly well for people who want to stick to a budget every month.

Here’s how it works:
Think of money in terms of hours.
You make $10/hour and wanna buy that $150 coat?
Is that coat really worth 15 hours of work?

By breaking down the price of something in work hours you value things differently. You know how hard you work for your money and this way you can better understand the expense your making. Is it worth spending a week’s of your work-life to get that new outfit? Is this holiday really worth the 3 months of working it took to get the money?

You’ll find that some things no longer make sense while others are an obvious YES.

It’s up to you to figure out how much you earn per hour or day and then factor that in every time you make a purchase.

12.

The ODD time rule

If you have friends who are never on time, this is the rule for you.

We’ve been testing this in our friend group on a particular person who was always late and by a lot, like more than 30 minutes late. So late that at one point we started lying to him about what time we were about to hang out and factoring in his 45 minutes of usual tardiness.

Then we found out about this weird rule some people use to set meetings.

If you schedule a meeting for 3:47 instead of 4 o clock, the likelihood of people being late to the reference hour drops significantly. And make sure everybody knows the meeting will start at 3:47. If you do begin to start your meetings at these odd times, people pay more attention to the exact time they need to be there.

Give it a try and see what happens.

13.

The 10,000 hours rule

This one was popularized by one of our favorite writers, Malcolm Gladwell. In his book Outliers, the author explains that in order to master anything you need to put at least 10,000-Hour towards it.

The 10,000 hours rule is considered the key to success in any field, it is simply a matter of practicing a specific task that can usually be accomplished with 20 hours of work a week for 10 years.
It doesn’t matter when you start, or how old you are. Put the 10,000 hours into something and you’ll become an expert in that field.

Some of the best performers in the world base their results to this rule. Now think about what your THING is, what you consider yourself good at. How much time have you put towards your craft or skill? Do the math and then you can figure out how much more you have to invest in order to master it.

14.

The Stay poor – Be rich rule

This is something we came up and have used this personally and with our friends circle. Here’s what we figured out:

The more time a person is willing to live like they’re poor despite not having to, the richer they become.

Sorry we don’t have a shorter version, but bare with us.

The main difference between those who will keep on being rich and those who lose wealth is their ability to control their lifestyle spending.

We’ve seen people make a lot of money, blow through most of it and then get back to where they started.

We know it’s been hard and you’ve just started seeing progress with your business or venture, but don’t go and blow through the money. Don’t buy an expensive car, don’t buy the expensive home. Instead, keep your head down, pretend the money is not there and invest it.

Putting this money to work for you will be a lot more valuable to your lifestyle than spending it right now. It’s similar to the concept of delayed gratification, but for rich people and entrepreneurs.

15.

The Coin Rule

We’ve been using this since before ALUX was even a thing. It’s not what you think. You don’t decide your fate by flipping a coin, that’s what stupid people do.

Instead, you look within yourself.

Our version of the coin rule goes like this.

If you need to make an important decision, you will flip a coin of it. But the thing is, you don’t really care about the outcome. In those few seconds while the coin is in the air, your gut tells you what you’re actually wishing for the outcome to be. Then pursue that.

Why would you let any big choice to chance when you already know what you want to do deep within yourself..

Hopefully you’ve found this article valuable and took notes as we suggested. Which rule did you find the most interesting and will use in the future? Let us know in the comments. You might not be aware of this, but we read a large portion of the comments that come our way. We study what you guys think, what your reactions are to the content we put out to figure out how we can improve.